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Loopt is the third location aware mobile social network to become available for the majority of U.S. smartphones . It joins fellow competitors Whrrl and Brightkite, both of which have already started to gain traction (see ReadWriteWeb coverage of Brightkite). However, this is not a market where the first one to debut on the smartphone will be the ultimate winner. Instead, in the wild west of the mobile social networks, the key will be adoption. This is an area where Loopt is making headway, having recently announced deals with all the major U.S. carriers and support for Blackberry smartphones.

Chumby Industries, makers of the Wi-Fi video and widget displaying device, the Chumby, have just announced $12.5 million in Series B funding today. The company notes that this new financing is going to be used to “accelerate growth of the company, and expand and broaden the Chumby Network to other screen-based Internet connected devices.” How did this little gadget get so popular? And why would you want one? Read on to find out.